{"data":{"id":"us-ok/okla.-stat.-tit.-3a-3a-733","jurisdiction":"us-ok","citation":"Okla. Stat. tit. 3A, § 3A-733","heading":"Reports – Records – Audits – Submission of annual","body":"operating budget.\n\nTo ensure the financial integrity of the lottery, the Oklahoma\n\nLottery Commission through its board of trustees shall:\n\n1. Submit annual reports to the Governor, State Auditor and\n\nInspector, Oklahoma State Bureau of Investigation, Attorney General,\n\nand the oversight committee created by Section 734 of this title,\n\ndisclosing the total lottery revenues, prize disbursements,\n\noperating expenses, and administrative expenses of the Commission.\n\nThe annual report shall additionally describe the organizational\n\nstructure of the Commission and summarize the functions performed by\n\neach organizational division within the Commission;\n\n2. Adopt a system of internal audits;\n\n3. Maintain weekly or more frequent records of lottery\n\ntransactions, including the distribution of tickets or shares to\n\nretailers, revenues received, claims for prizes, prizes paid, prizes\n\nforfeited, and other financial transactions of the Commission;\n\n4. Contract with a certified public accountant or firm for an\n\nannual financial audit of the Commission. The certified public\n\naccountant or firm shall have no financial interest in any vendor\n\nwith whom the Commission is under contract. The certified public\n\naccountant or firm shall present an audit report not later than\n\nseven (7) months after the end of the fiscal year. The certified\n\npublic accountant or firm shall evaluate the internal auditing\n\ncontrols in effect during the audit period. The cost of this annual\n\nfinancial audit shall be an operating expense of the Commission.\n\nThe State Auditor and Inspector may at any time conduct an audit of\n\nany phase of the operations of the Commission at the expense of the\n\nCommission and shall receive a copy of the annual independent\n\nfinancial audit. A copy of any audit performed by the certified\n\npublic accountant or firm or the State Auditor and Inspector shall\n\nbe transmitted to the Governor, the President Pro Tempore of the\n\nSenate, the Speaker of the House of Representatives, the State\n\nAuditor and Inspector, and the cochairs of the oversight committee\n\ncreated in Section 734 of this title;\n\n5. Submit to the Office of Management and Enterprise Services\n\nand the State Auditor and Inspector by June 30 of each year a copy\n\nof the annual operating budget for the Commission for the next\n\nfiscal year. This annual operating budget shall be approved by the\n\nboard and be on such forms as prescribed by the Office of Management\n\nand Enterprise Services; and\n\n6. Submit to the Office of Management and Enterprise Services\n\nby October 1 of each year a proposed estimate of the net proceeds to\n\nbe deposited into the Oklahoma Education Lottery Trust Fund during\n\nthe succeeding fiscal year. The estimate shall be on such forms as\n\nprescribed by the Office of Management and Enterprise Services.","path":["OK Code","Title 3A"],"source_url":"https://www.oklegislature.gov/OK_Statutes/CompleteTitles/os3A.pdf","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:36Z","sha256":"21ffe90205f6c2fc965020f6f562c7f73f9d49fa7e2f2e3527e796c438783717","source_id":"us-ok","stale":false,"prev":"us-ok/okla.-stat.-tit.-3a-3a-731","next":"us-ok/okla.-stat.-tit.-3a-3a-734"},"notice":"GroundRules: Original legal text. Not legal advice."}